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SNC SNC Lavalin Group Inc

43.49
0.00 (0.00%)
10 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
SNC Lavalin Group Inc TSX:SNC Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 43.49 43.31 43.57 0 01:00:00

SNC-Lavalin awarded FEED conversion to EPC contract by Brahms Oil Refineries

24/07/2017 1:00pm

PR Newswire (Canada)


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MONTREAL, July 24, 2017 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) has been awarded a contract by Brahms Oil Refineries Limited to undertake a front-end engineering design (FEED) conversion to EPC contract for a 10,000 barrel per day crude oil refinery in Kamsar, Guinea. The FEED will provide a budget cost estimate to obtain a final investment decision (FID) for the project in the third quarter of 2017.

SNC-Lavalin's scope for this phase of the work includes project management, coordination and management of the process licensor, management of the geotechnical and topographic survey contractors, preliminary engineering and procurement, as well as estimating services and EPC execution plan for the complete grassroots refinery, including the tank farm and marine works required for import of crude oil by ship. The contract signed to date is for the short form FEED, with a process to agree a phased development of the project ultimately into an EPC project following FID approval. 

"We are delighted to be working with Brahms Oil Refineries on the first refinery to be built in Guinea to process West African crude oil," commented Martin Adler, President, Oil & Gas. "This project allows us to demonstrate our expertise in modular design and supports our objective to grow our business in downstream oil and gas. We look forward to helping our client achieve FID and progressing to the EPC phase of the project."

The plant will be designed to produce diesel, gasoline and jet A fuel to be sold to the local Guinean market.

Brahms Oil Refineries Limited is a private company focused on developing downstream projects aimed at contributing to the industrialisation of Sub-Saharan African countries. It was established to help increase refining capacity in Africa by building modular crude oil refineries in select Sub-Saharan countries. www.brahms-refineries.com

About SNC-Lavalin
Founded in 1911, SNC-Lavalin is a global fully integrated professional services and project management company and a major player in the ownership of infrastructure. From offices around the world, SNC-Lavalin's employees are proud to build what matters. Our teams provide comprehensive end-to-end project solutions – including capital investment, consulting, design, engineering, construction, sustaining capital and operations and maintenance – to clients in oil and gas, mining and metallurgy, infrastructure and power. www.snclavalin.com

 

SOURCE SNC-Lavalin

Copyright 2017 Canada NewsWire

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